Smithfield, UT

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Smithfield short-term rental market based on reliable data.

Listings

33 / 57

Reliable / Active

Cap Rate

6%

Middle-Earners Gross Yield

Revenue

$27,437

Middle-Earners Revenue

Occupancy

61%

Middle-Earners Occupancy

Home Value

$468,671

Median Home Sale Price

Top Earners

$62,083

Top-Earners Revenue

Smithfield

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Smithfield.

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A

Very Investor friendly

Smithfield Regulations

Smithfield permits STRs citywide without any enacted local ordinances, caps, or costly permits (as of 2018), requiring only state tax compliance and possible general business licensing. This minimal regulatory burden, lack of restrictive zones, and low cost of entry make it very investor-friendly, though regulatory uncertainty remains.

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About Smithfield

Smithfield is a small city in Cache County in northern Utah, with a population of roughly 13,000 residents. Tucked into the fertile Cache Valley, it carries a quiet, family-oriented character shaped by farming traditions, modest residential neighborhoods, and wide-open views of the surrounding mountains. The town is best known locally as a comfortable, low-key base from which travelers explore Cache Valley, the Bear River Range, and the recreational areas clustered around nearby Logan. Smithfield sits about eight miles north of Logan and roughly eighty-five miles north of Salt Lake City, putting it within easy reach of the Wasatch Front while feeling a world apart from it.

A short drive east of town, the Wasatch-Cache National Forest opens up across the Bear River Range, offering hiking, camping, and backcountry access within about twenty minutes. The forest is the region’s defining outdoor draw, with trails ranging from gentle creekside walks to high-alpine routes that climb toward ridgelines overlooking the valley. In winter, the same mountains draw skiers to Beaver Mountain in nearby Logan Canyon, a family-run resort that has been operating for decades and is roughly a thirty-minute drive from Smithfield. It is widely regarded as a locals’ hill, which gives it an unpretentious, community feel that contrasts with the larger destination resorts further south.

To the south of Smithfield, Hardware Ranch Wildlife Management Area draws visitors during the winter months for its guided elk sleigh rides, a popular outing for families staying in the valley. The site, managed by the Utah Division of Wildlife Resources, sits at the edge of the forest and offers a chance to see large herds of Rocky Mountain elk up close. Closer to town, the American West Heritage Center in Wellsville preserves and interprets Cache Valley’s pioneer and ranching past through living-history events, farm animals, and seasonal festivals, and it is roughly a fifteen-minute drive from Smithfield.

Smithfield is a compelling base for short-term rentals because it pairs small-town affordability and quiet with quick access to a surprisingly varied set of regional attractions. Visitors can spend mornings exploring historic Cache Valley, afternoons hiking or skiing in the Wasatch-Cache National Forest, and evenings returning to a calm residential setting away from the busier lodging markets in Logan. Its proximity to Utah State University, year-round outdoor recreation, and the scenic drives toward Bear Lake make it a practical and appealing anchor for travelers looking to experience northern Utah beyond the usual Salt Lake City itinerary.

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